All Forum Posts by: Dan Krause

:roll: Marc: $8,000.00 is the target price you have set that you will pay for the mobile homes you described-correct?

Marc: $8,000.00 is the target price you are willing to pay for each mobile home you described-correct?

Marc: $8,000.00 is the target price you are willing to pay for each mobile home you described-correct?

Marc: 1) Are you looking for anyone to bird dog for you in Southeast Michigan? 2)If a bird dog can bring you mobile homes for sale in multiples(groups or blocks) of 5-10 homes at a time-are you willing to extend your travel outside of the geographic region you specified in your first post? Thanks

:D I'd be willing to bird dog for you in Southeast Michigan.My inquiry to you is the same as R.Jenkins. I am a newbie and live in the lower Michigan region.

Can it be done? Use transactional funding with no money down, and, using the property as your sole source of income, to buy a residential or commercial property and lease or rent it out? Thank you

If you apply, and are eligible, for a property loan (say hard money) you also need a tenant for your investment.to pay the rent. If right at the moment you have neither how do you make them go together at the same time so you will have a renter at time of approval? Or cant this be done?

Can it be done? If so what method would you use without front money? Hard money perhaps? Any ideas? :D

How is a new in, vestor supposed to capture "ANY" kind of deal when Michigans property values are stagnant? Any advice? I mean whether you flip, do no money down, do fixer uppers nothing is really appreciating in value in this region. How can you, as an investor in Michigan, depend on a long term tenant/rental agreement to cover any of your costs when you are losing assessment value at the same time? Then again-why should renters rent a house when they can move into a nice condo for the same price? I am new at residential investment any advice would be welcome.. Commercial properties are almost the same situation here with tenants and what have you, :D

Has anyone heard of this? Buy a hotel that is totally leveraged using both a commercial mortgage and private equity (or Venture Capital). Lets say a commercial mortgage would cover 60%-could private equity cover the other 40%? And because the hotel would be in operation (already in business with a steady income) -that income would probably be factored into the SELLING price. Would private equity cover that also? I know it sounds kind of risky but this doesnt sound like a bad project given todays uncertain residential and commercial markets because the rental rates are already covered by travelers in the hotel. Any advice? Respond to me here or at my e-mail address: [EMAIL REMOVED] :D :D